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Financials and Investment News in Egypt

Egypt: Inflow of FDI Increases By 12.1% within 9 Months -CBE
Egypt: Inflow of FDI Increases By 12.1% within 9 Months -CBE 6/15/2017 - Inflow of foreign direct investment (FDI) into Egypt from July 2016 until March 2017 increased by 12.1% to register about 10.8 billion dollars against 9.6 billion dollars in the same period of last fi...
Egypt's Investment Law Executive Regulations to Be Finalised in 10 Days
6/17/2017 - Egypt will finalise the executive regulations of a newly issued investment law within seven to 10 days, Investment Minister Sahar Nasr told

The press statements by the minister comes few day...
Egypt Signs $575 Million Agreement with GE for 100 Multi-Use Locomotives
6/17/2017 - Egypt signed a $575 million agreement with General Electric Co for GE to provide 100 new multi-use locomotives, 15 years of technical support and spare parts, and maintenance and upgrades of 81 trains...
Sherif Ismail to Attend Signing of Deal on Upgrading Egyptian Ports
Sherif Ismail to Attend Signing of Deal on Upgrading Egyptian Ports 6/17/2017 - Prime Minister Sherif Ismail will attends the signing of a deal between the Ministry of Transport, the Egyptian National Railways Authority and General Electric company to upgrade Egyptian ports.
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Egypt: Prime Minister Attends Signing Ceremony of ENERGY Agreement
Egypt: Prime Minister Attends Signing Ceremony of ENERGY Agreement 6/18/2017 - Prime Minister Sherif Ismail attended the signing ceremony of a $575 million agreement between the Egyptian National Railways (ENR) and General Electric (GE).

The agreement covers the suppl...
Sherif Ismail Says Egypt Keen on Boosting Cooperation with Partners to Enhance Economy
6/18/2017 - Prime Minister Sherif Ismail said Egypt is keen on boosting cooperation with its partners to achieve the economic growth goals and meet the requirements of sustainable development plans.

Me...
Egypt: Nigeria Lifts Ban on Egyptian Furniture Exports
Egypt: Nigeria Lifts Ban on Egyptian Furniture Exports 6/19/2017 - Trade and Industry Minister Tarek kabil said that Nigeria lifted the ban on its imports of furniture from Egypt.

The minister added that Nigeria had imposed a ban on imports of furniture amo...
Egypt: Investment Minister Confers with UNOPS Director on Setting up Development Fund for Egypt
Egypt: Investment Minister Confers with UNOPS Director on Setting up Development Fund for Egypt 6/19/2017 - Minister of Investment and International Cooperation Sahar Nasr conferred with Executive Director of UN Office for Project Services (UNOPS) David Grete Faremo on measures to boost cooperation through...
Egypt Bourse Gains EGP 3.1bn
6/20/2017 -  Purchases of Egyptian and foreign investment Funds and institutions drove Egypt's bourse indices up at the close of trading.

The market capital achieved gains worth 3.1 billion pounds, afte...
Egypt, UNDP Sign Accord to Set up Development Investment Fund
6/21/2017 - Egypt will have its first development investment fund established under an agreement with the United Nations Development Program (UNDP).

The accord to set up the fund by a recently-establishe...
Egypt Minister Says Submitted Draft of Investment Law Regulations to Cabinet
Egypt Minister Says Submitted Draft of Investment Law Regulations to Cabinet 6/21/2017 - Egypt's investment ministry has submitted the draft of investment law executive regulations to the cabinet, Investment Minister Sahar Nasr told

Nasr also said Egypt has received $6.8 billion...
Egypt 2017/18 Budget to Include EGP 75 Bln for Social Safety Package
Egypt 2017/18 Budget to Include EGP 75 Bln for Social Safety Package 6/21/2017 - Egypt's 2017/18 budget starting July is set to include a social safety package of EGP 75 billion in light of the president's orders for the implementation of several measures to ease economic burdens ...
Egypt: Minister Signs Agreement Establishing First Development Investment Support Fund
Egypt: Minister Signs Agreement Establishing First Development Investment Support Fund 6/21/2017 - International Cooperation Minister Sahar Nasr signed an agreement with Randa abul Hassan, country director of the United Nations Development Program, to establish the first Development Investment Sup...
Egypt: Finance Ministry to Auction EGP 371B T-Bills, T-Bonds in Q1 of FY 2017/2018
6/22/2017 - The Ministry of Finance said it would auction treasury bills and bonds worth EGP 371 billion during the first quarter of the 2017/2018 fiscal year (July-September).

In statement, the ministr...
Egypt Attracted $9.8 Bln Foreign Investment in Debt Instruments in 2016-2017
7/2/2017 - Egypt attracted $9.8 billion of foreign investment in domestic debt instruments in the 2016-2017 fiscal year compared to $1.1 billion the previous year, Deputy Finance Minister Ahmed Kojak said
Sherif Ismail: Government Takes Right Decisions Just For Sake of State, Citizens
Sherif Ismail: Government Takes Right Decisions Just For Sake of State, Citizens 7/2/2017 - Prime Minister Sherif Ismail said the government is taking right decisions for the benefit of the State and the citizens.

At a meeting with the ministers of housing, social solidarity, milit...
Egypt: Fuel Price Hike to Add 3-4.5 Percentage Points to Egypt's Inflation
7/3/2017 - Egypt's inflation rate, which was around 30 percent in May, will rise by between 3 and 4.5 percentage points following last week's fuel price hike, Deputy Finance Minister Ahmed Kojak

Egypt ...
Egypt Minister Says Submitted Draft of Investment Law Regulations to Cabinet
Egypt Minister Says Submitted Draft of Investment Law Regulations to Cabinet 7/3/2017 -  Egypt's investment ministry has submitted the draft of investment law executive regulations to the cabinet, Investment Minister Sahar Nasr told

Nasr also said Egypt has received $6.5 billio...
Egypt: Central Bank of Egypt Considers Additional Hikes in Key Interest Rates
Egypt: Central Bank of Egypt Considers Additional Hikes in Key Interest Rates 7/3/2017 - The government is considering a new hike in key deposit and lending rates; the issue will be discussed by the Monetary Policy Committee of the Central Bank of Egypt (CBE)

The move would be t...
Egyptian Public Sector's ENPPI to Be Listed in Stock Exchange
Egyptian Public Sector's ENPPI to Be Listed in Stock Exchange 7/4/2017 - The Egyptian government will start to list state-owned and public sector companies in the stock exchange -- beginning with the Engineering for the Petroleum and Process Industries company (ENPPI) -- w...

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